KBC Group: KBC welcomes extension of the KBC Group anchoring agreement made among Cera, KBC Ancora, MRBB and Other Stable Shareholders
November 29 2024 - 1:00AM
UK Regulatory
KBC Group: KBC welcomes extension of the KBC Group anchoring
agreement made among Cera, KBC Ancora, MRBB and Other Stable
Shareholders
Together with MRBB and Other Stable
Shareholders, Cera and KBC Ancora have confirmed to extend their
anchoring agreement with respect to KBC Group NV for a further term
of ten years. In doing so, these shareholders will continue to
ensure shareholder stability and further support the sustainable
development of the KBC group. KBC has taken note of this extension
of the shareholders' agreement.
Johan Thijs, KBC Group NV CEO:
'We are very happy to hear that KBC Ancora, Cera, MRBB and
Other Stable Shareholders have agreed to extend their agreement for
another 10 years because it brings stability and continuity to KBC
Group NV. We would like to thank our core shareholders for the
trust they have always placed in KBC and wish to continue to place
in our group going forward. A shareholder structure that is stable
and rooted in the local community allows us to continue to grow in
a healthy and profitable way and to create value for all
shareholders and stakeholders in the long term.'
Together with MRBB and Other Stable
Shareholders, Cera and KBC Ancora ensure the shareholder stability
and continuity of KBC group with a long-term vision for innovation
and sustainable growth. To this end, a shareholders’ agreement was
signed on 23 December 2004 for an initial term of ten years. The
agreement was extended in updated form for a further period of ten
years with effect from 1 December 2014, and is now being further
extended without amendment for another period of ten years.
In this context, Cera, KBC Ancora, MRBB and
Other Stable Shareholders have contributed all their shares to the
shareholders’ agreement. As a result, the agreement will
continue to group more than 30% of all KBC Group NV shares.
The precise number of shares to be brought into
the agreement by all parties will be determined on 1 December 2024
when the extension comes into effect and the competent bodies of
all parties have taken the requisite decisions.
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